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LAW 248

Corporate Reorganization

Law School

Recommended for route(s):

[ Transactional ] Business Law: International

Why it is relevant for ...

[ Transactional ] as a Related Elective for those interested in Bankruptcy : Practitioners recommend that students interested in an international law practice that involves international project finance or cross-border transactions have a solid understanding of bankruptcy or reorganization proceedings. Students should consider taking 1 or more courses in this area.

General course
Description:

This course examines the reorganization of a financially distressed company under chapter 11 of the Bankruptcy Code. Among other things, the course follows a fictitious company through several stages of a business turnaround and financial restructuring, including an out-of-court workout, a chapter 11 filing, selected chapter 11 operating issues, and the negotiation, formulation and confirmation of a plan of reorganization. In addition, the course follows current developments relating to bankruptcy, primarily through reports in the media. For example, in recent years the course has examined developments in actual chapter 11 cases (e.g., General Motors, Chrysler Corporation, American Airlines and Lehman Brothers) and the effects of bankruptcy on specific industries (e.g., airlines, automotive, financial services and real estate). Finally, the course touches on various issues that often arise in a bankruptcy setting, such as valuation, leveraged buyouts, debt and derivative instruments, and distressed debt trading. Elements used in grading: Class participation and final exam.

Course Style: A Substantive/Statutory course deals with law, theory, and policy in the context of a particular code or statutory scheme.